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Dragon Riders GBP/JPY

  • #18,061
  • Jun 8, 2016 12:35am Jun 8, 2016 12:35am
Quoting Pip-Miner
{quote} i missed the tokyo train this morning . Looks like its setting up for a nice short around 156 - 156.20
I short since last night. 156.50.
  • #18,062
  • Jun 8, 2016 12:37am Jun 8, 2016 12:37am
Hi Pipminer....is everybody killin'it....?....it's bouncing is stopping and it's already almost 2:30 N Y reversal time....you know when London will jumpit......half the time or better........it's as if when they're bored early in the week they do the 2:30 am N Y thing...Oil is up to 52 bucks now ....Gold holding...
  • #18,063
  • Jun 8, 2016 12:55am Jun 8, 2016 12:55am
Unless it quickly gets back under 155.5 and then 155, this could become a very bullish correction.
  • #18,064
  • Jun 8, 2016 12:58am Jun 8, 2016 12:58am
Quoting Gbp/jpy
Hi Pipminer....is everybody killin'it....?....it's bouncing is stopping and it's already almost 2:30 N Y reversal time....you know when London will jumpit......half the time or better........it's as if when they're bored early in the week they do the 2:30 am N Y thing...Oil is up to 52 bucks now ....Gold holding...
I'm out my short scalp 20 pips sidelines , don't like the look of the divergence on usdjpy . Will analyse the situation euro open again
  • #18,065
  • Jun 8, 2016 1:01am Jun 8, 2016 1:01am
Quoting Mpt
Unless it quickly gets back under 155.5 and then 155, this could become a very bullish correction.
lets see if im right this time lol wasnt last time

anyways already long in UJ....will be in GJ if UJ acts accordingly
  • #18,066
  • Jun 8, 2016 1:35am Jun 8, 2016 1:35am
waiting for a triangle breakout on 15m. my intraday bias on GJ bullish with entry at 156.15 and TP 157.30
  • #18,067
  • Edited 2:43am Jun 8, 2016 2:07am | Edited 2:43am
Morning
Waiting for price now to crack down through 155.47 to the weekly Supp1 at 151.46
Forex, awful to watch, AWESOME to play
  • #18,068
  • Jun 8, 2016 2:48am Jun 8, 2016 2:48am
Quoting Feo
Morning Waiting for price now to crack down through 155.47 to the weekly Supp1 at 151.46

Ok, let's ride the trip
Forex, awful to watch, AWESOME to play
  • #18,069
  • Jun 8, 2016 2:51am Jun 8, 2016 2:51am
Sell opportunity.

Attached Image (click to enlarge)
Click to Enlarge Name: gj.png Size: 31 KB
Money moves the market, not an indicator.
  • #18,070
  • Jun 8, 2016 2:52am Jun 8, 2016 2:52am
Quoting Feo
{quote} Ok, let's ride the trip

It gets messy from here:
154.98 (yesterday's low)
154.78 (this months' monthly support 1)
154.67 (yesterday's daily pivot)
154.64 (today's daily support 1)

154.64 is key
Forex, awful to watch, AWESOME to play
  • #18,071
  • Jun 8, 2016 2:59am Jun 8, 2016 2:59am
Quoting Feo
{quote} It gets messy from here: 154.98 (yesterday's low) 154.78 (this months' monthly support 1) 154.67 (yesterday's daily pivot) 154.64 (today's daily support 1) 154.64 is key
I don't keep an eye on weekly and monthly pivot points (mainly because I don't have an indi to do so). Do you find they're effective supp/res points / areas for this pair?
  • #18,072
  • Jun 8, 2016 3:15am Jun 8, 2016 3:15am
Quoting lancedes
{quote} I don't keep an eye on weekly and monthly pivot points (mainly because I don't have an indi to do so). Do you find they're effective supp/res points / areas for this pair?
Morning. I believe pivots are the only supp/res to use. For one reason and one reason only. It is the only fixed constant.

You and I might both draw trend lines, but your broker and mine might have the low or high differ buy 2 points, so therefore our trend lines don't match up.

Daily timeframe likes last month and this months' pivots, 4 likes last week and this weeks' pivot, and hourly likes yesterday and today's pivots. Yes, price does not always move from one pivot to the next on that time frame, because it has other pivots from other time frames to deal with.

I also believe that Forex is far far far easier than what it is made out to be. And only because of the 4 hundred thousand two hundred and 79 indicators available. Only using Pivots, (and macd to see the herd), 250 a week with GBPJPY is easy

I spent money wisely to get my setup the way that works for me.
I am a visual person, if I cannot see it, I cannot calculate it, therefore I cannot trade it.
Attached Image (click to enlarge)
Click to Enlarge Name: My_setup[1].jpg Size: 1.3 MB
Forex, awful to watch, AWESOME to play
  • #18,073
  • Jun 8, 2016 3:18am Jun 8, 2016 3:18am
Quoting Feo
{quote} Morning. I believe pivots are the only supp/res to use. For one reason and one reason only. It is the only fixed constant. You and I might both draw trend lines, but your broker and mine might have the low or high differ buy 2 points, so therefore our trend lines don't match up. Daily timeframe likes last month and this months' pivots, 4 likes last week and this weeks' pivot, and hourly likes yesterday and today's pivots. Yes, price does not always move from one pivot to the next on that time frame, because it has other pivots from other...
but there are many different types of pivot, how do you know which one to use?
  • #18,074
  • Jun 8, 2016 3:31am Jun 8, 2016 3:31am
There goes the shorts...
  • #18,075
  • Jun 8, 2016 3:31am Jun 8, 2016 3:31am
Thanks for your response, Feo. So to clarify, on Daily TF, you reference previous weekly and monthly pivots. And on hourly you're looking at today's and yesterday's pivots. In other words, you're always referencing one and maybe two timeframes up for your pivot points? And I take it you're using standard pivot points?

Yes I agree, it's all about finding the visual setup that works for you. Being able to find that visual setup is the hidden gem!!

Is your success still the same in these volatile times of Brexit?

Again, thanks for taking the time to respond with some quality content
  • #18,076
  • Jun 8, 2016 3:33am Jun 8, 2016 3:33am
Quoting Don96
{quote} but there are many different types of pivot, how do you know which one to use?
I use the one my broker IG Index uses
Forex, awful to watch, AWESOME to play
  • #18,077
  • Jun 8, 2016 3:33am Jun 8, 2016 3:33am
Quoting Don96
{quote} but there are many different types of pivot, how do you know which one to use?
in the absence of an indi, there is a website called action pivots dot com that calculates them in real time. Make sure to flick to the 'daily' tab. Most traders use standard pivots, from what I understand.
  • #18,078
  • Jun 8, 2016 3:34am Jun 8, 2016 3:34am
Quoting lancedes
Thanks for your response, Feo. So to clarify, on Daily TF, you reference previous weekly and monthly pivots. And on hourly you're looking at today's and yesterday's pivots. In other words, you're always referencing one and maybe two timeframes up for your pivot points? And I take it you're using standard pivot points? Yes I agree, it's all about finding the visual setup that works for you. Being able to find that visual setup is the hidden gem!! Is your success still the same in these volatile times of Brexit? Again, thanks for taking the time to...

The main for me are the weekly, using daily as entry points
Forex, awful to watch, AWESOME to play
  • #18,079
  • Jun 8, 2016 3:41am Jun 8, 2016 3:41am
yeah I understand, but my point was how do you know who is using which pivots... you want to be using the ones that the banks are using right... but how do you know?
  • #18,080
  • Jun 8, 2016 3:49am Jun 8, 2016 3:49am
Quoting raiders
{quote} lets see if im right this time lol wasnt last time anyways already long in UJ....will be in GJ if UJ acts accordingly
Yeah, but in my book, UJ under 106.8 confirms bearish
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